HEA 478 - Strategic Management in Healthcare » Fall 2021 » Chapter 7 Quiz

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Question #1
If a large percentage of an organization's product is purchased by one firm, what situation exists?
A.   High seller market power
B.   High rivalry
C.   High buyer power
D.   A monopoly
Question #2
Which of the following is not one of the driving forces discussed in the text?
A.   Technological changes
B.   Chronic disease
C.   Workforce availability
D.   Political changes
Question #3
In healthcare, GPO stands for
A.   group physician organization
B.   group performance options
C.   group-purchasing organization
D.   group policy ordinance
Question #4
All of the following create barriers to entry except
A.   economies of scale
B.   access to distribution channels
C.   the size of a market
D.   product differentiation
Question #5
Mobility barriers
A.   increase the rivalry in a market
B.   block organizations from moving into a new industry
C.   impede organizations from moving into a different strategic group
D.   are generally illegal in the United States
Question #6
A patient's reluctance to change his physician might be considered
A.   consumer preference
B.   monopolistic competition
C.   a switching cost
D.   product differentiation
Question #7
Governments in healthcare have increased barriers to entry by creating
A.   certificate-of-need laws
B.   membership requirements
C.   Medicare
D.   Medicaid
Question #8
Which of the following is not identified in the text as a factor that may increase rivalry?
A.   Rate of demand growth
B.   Degree of product differentiation
C.   Height of exit barriers
D.   Similar leadership
Question #9
Which of the following is not one of the forces used in Porter's Five Forces model?
A.   Potential for new entrants
B.   Power of key stakeholders
C.   Threat of substitutes
D.   Power of buyers
Question #10
Scenario analysis may be important
A.   to an organization's success because it enables the organization to accurately predict the future
B.   for preparing contingencies for potential major changes in the future
C.   to organizations that exist in relatively stable environments
D.   for accurately allocating resources across corporate units
Question #11
A PEST analysis is a method of
A.   selecting driving forces
B.   determining patient origin
C.   analyzing market demand
D.   determining strategic goals

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